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Pretty much solid advice. I would probably point out that selling 90% of her equities may end up costing a ton in taxes and may be worse than if the market tanked by 20% or more. I know Pete mentions taxes, but a little probing may be in order. First, if it’s in a retirement account, then there are no tax implications to reallocation. If it’s in a taxable account then I might suggest she sell many of the investments with the least capital gains. And she may be in a sweet spot of some retirement accounts and some taxable accounts – if so , then purge the equities in the retirement account at will. I imagine she’d sleep just fine if she took half of her $2.2 nest egg off the table. It’s also worth mentioning she says she doesn’t even need the $2.2M to live on now, so it would be okay if she took some chips off the table but doesn’t need to be worried about leaving some in the game if she doesn’t need it anyway.